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The bigger the crisis, the better for Narendra Modi

The Indian stock market’s greatest hope in this respect is the emergence of Gujarat Chief Minister Narendra Modi as the
BJP’s prime ministerial candidate. While the odds are definitely stacked against him, GREED & fear’s view is simply that the worse the sense of crisis the better Modi’s chance of winning. This is why a decision to go to the IMF would appear to be political suicide for the current Congressled government. Modi is certainly raising the rhetorical level with his growing public attacks on
a ‘direction-less’ government and his focus on the collapsing rupee. The rhetoric is increasing because the general election season is approaching. Remember that an election has to be held by May next year-Greed & Fear Report-CLSA